Public-private partnership eases pressure on State budget hinh anh 1Chairwoman of the Vietnam Association of Woman Entrepreneurs (VAWE) Ho Thi Kim Thoa (Source: VNA)

Hanoi (VNA) – A seminar on strengthening public-private partnership (PPP) took place in Hanoi on August 25, attracting representatives from ministries, agencies and 100 businesspeople.

Speaking at the event, Deputy Minister of Industry and Trade and Chairwoman of the Vietnam Association of Woman Entrepreneurs (VAWE) Ho Thi Kim Thoa said PPP does not only strengthen resources but also eases pressure on paying for the government’s public services.

She also spoke highly of the woman entrepreneurs’ role in small and medium-sized enterprises (SMEs) which currently account for 96 percent of the total.

The Ministry of Industry and Trade (MoIT) has given businesses, especially SMEs and businesswomen, access to support in technology that helps lower cost and improve product quality.

Nguyen Thanh Tra, a PPP expert from the Frontier law consulting firm admitted that businesswomen frequently meet difficulties in bidding and price pressure.

Several law experts shared lessons learnt from the US, Zambia and India, success stories in attracting SMEs owned by women.

Director of the Minh Khai commercial company Nguyen Bich Hoa called for holding more trade promotion campaigns and offering support to businesswomen as well as spreading the drives “Vietnamese prioritise Vietnamese goods” and “Proud of Vietnamese goods”.

The seminar was co-hosted by the US Agency for International Development’s State Governance for Comprehensive Growth, the MoIT and the VAWE.-VNA